Common use of Payments Upon Termination of Plan Clause in Contracts

Payments Upon Termination of Plan. Upon termination of the Plan, the balance in each Participant’s Plan account shall be refunded as soon as practicable after such termination, without any interest thereon, or the Offering Period may be shortened so that the purchase of Shares occurs prior to the termination of the Plan.

Appears in 3 contracts

Samples: Merger Agreement (Northern Genesis Acquisition Corp. II), Transaction Agreement (Horizon Acquisition Corp), Business Combination Agreement (Ascendant Digital Acquisition Corp.)

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Payments Upon Termination of Plan. Upon termination of the Plan, the balance in each Participant’s Plan account shall be refunded as soon as practicable after such termination, without any interest thereon, or the Offering Period may be shortened so that the purchase of Shares occurs prior to the termination of the Plan.

Appears in 3 contracts

Samples: Business Combination Agreement (L&F Acquisition Corp.), Merger Agreement (Locust Walk Acquisition Corp.), Agreement and Plan of Reorganization (FTAC Olympus Acquisition Corp.)

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Payments Upon Termination of Plan. Upon termination of the Plan, the balance in each Participant’s Plan account shall be refunded as soon as practicable after such termination, without any interest thereon, or if the Administrator so determines, the then-current Offering Period may be shortened so that the purchase of Shares occurs prior to the termination of the Plan.

Appears in 1 contract

Samples: Merger Agreement (DFP Healthcare Acquisitions Corp.)

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